Motor Underwriting Analyst

Job Title:

Motor Underwriting Analyst

Department Underwriting & Reinsurance

Reporting To Head of Underwriting

Role Purpose

The Motor Pricing & Portfolio Actuary is responsible for driving pricing excellence, portfolio profitability, actuarial analytics, and underwriting discipline across the Motor and Retail P&C portfolios.

The role serves as the organization's strategic actuarial and risk management for Motor business, P&C retails business combining advanced pricing techniques, portfolio diagnostics, profitability management, reserving oversight, and strategic business insights to support sustainable growth and improved shareholder returns. The candidate will provide independent actuarial intelligence to management by identifying emerging risks, recommending pricing and underwriting actions, challenging reserve assumptions, optimizing portfolio mix, and supporting data-driven decision making across the business.

Lead periodic Motor tariff and pricing adequacy reviews.

Develop and maintain risk-based pricing frameworks.

Design and enhance pricing models using actuarial and statistical methodologies.

Recommend pricing actions based on profitability, competitive positioning, and market dynamics.

Monitor pricing effectiveness and post-implementation performance.

Establish discount governance frameworks and underwriting controls.

Support implementation and refinement of GLM and predictive pricing models.

Evaluate the impact of inflation, repair costs, spare parts costs, claim severity trends, and regulatory changes on pricing adequacy.

Assess profitability by Customer segment, Vehicle type, Geography, Distribution channel, sum insured / IDV bands, Driver’s bands,

Identify underperforming segments and recommend corrective actions.

Develop and maintain advanced portfolio dashboards and management information systems.

Monitor:
Loss Ratio, Combined Ratio, Frequency, Severity, Retention, Renewal & new business rates, Rate change adequacy, Portfolio mix, Channel profitability

Conduct deep-dive portfolio reviews at:
Product level, Segment level, Geographic level, Distribution level, Customer level

Identify early warning indicators and emerging adverse trends.

Perform:
Cohort analysis, Vintage analysis, Loss development monitoring, Profit leakage analysis

Benchmark company performance against market and competitors.

Strategic Interventions such as Pricing changes, Product redesign, Channel optimization, Underwriting rule enhancements, Portfolio rebalancing initiatives

Develop predictive models to improve risk selection and pricing accuracy.

Utilize GLM, machine learning, and advanced statistical techniques where appropriate.

Analyze customer behavior and retention patterns.

Build actuarial tools for Pricing simulations, Scenario testing, Business forecasting, Sensitivity analysis

Evaluate new rating factors and data sources including telematics and behavioral data.

Independently review and challenge reserve assumptions applied by the Appointed Actuary.

Analyze IBNR, IBNER, PDR, Large loss loadings, Catastrophe reserves

Perform reserve adequacy studies and back-testing exercises.

Conduct claims development analyses and triangulations.

Ensure portfolio trends are reflected in actuarial reserving assumptions.

Support governance discussions relating to reserve adequacy and capital implications.

Support development of new Motor and Retail insurance products.

Conduct product profitability assessments.

Review pricing implications of product enhancements and policy changes.

Evaluate emerging insurance opportunities…